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case for pluralism and the case against requiring macroeconomic theory to be expressed in terms of its microfoundations …
Persistent link: https://www.econbiz.de/10010796237
The current global economic crisis provides a window of opportunity for both reflection and change within economics. This paper examines the response of the discipline to questions surrounding the need for change by surveying commentaries provided by economists (and to some extent economic...
Persistent link: https://www.econbiz.de/10010851099
The purpose of this paper is to argue that awareness of the epistemological issues arising from an open-system ontology is critical to understanding the crisis and the policy response, to challenging that understanding and to encouraging a radical policy shift. The argument is couched in terms...
Persistent link: https://www.econbiz.de/10011132887